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Dec 11, 2012
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china is still positive in the fourth quarter. china is going to show a slow and steady improvement. so we need those. >> higher expectations stronger in the likes of taiwan, india and brazil. let's go back to where you say they're weakest. greece, italy, spain, the netherlands. this is a very weak feature, indeed. how bad in it? >> it's bad. the eurozone is the global economic problem now. if you look at asia where i just returned from, both countries are feeling optimistic. but they seem to be inwardly focused now by being a triangle of china, india, indonesia. we're not seeing a great benefit into europe as we did before. for instance, germany is looking pretty pessimistic. based on its lack of export performance to places like china. >> yeah. when the bundes bank came out and shortly downgraded forecasts, how is the employment picture? if you've got a relatively healthy china and the u.s. consumer bounce back, wouldn't that help germany? >> it certainly would. germany is relatively flat in terms of the employment outlook. so i
china is still positive in the fourth quarter. china is going to show a slow and steady improvement. so we need those. >> higher expectations stronger in the likes of taiwan, india and brazil. let's go back to where you say they're weakest. greece, italy, spain, the netherlands. this is a very weak feature, indeed. how bad in it? >> it's bad. the eurozone is the global economic problem now. if you look at asia where i just returned from, both countries are feeling optimistic. but...
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Dec 17, 2012
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china telecom is carrying the phone. it's available in china's apple stores and online. china mobile is expected to strike a deal to carry the phone by late 2013. eunice, they need this to sell, because according to idc, in the third quarter, their share of smartphone market in china slipped to sixth place, which is a massive decline in market shares terms. how much is this one going to take them back a little bit? >> well, apple faces a lot of challenges in the china market. like you said, they're slipping in their ranking. and that's because there is a lot of competition, especially from -- well, from samsung and lenovo, names that you know, and also from -- players that are coming up with these low, cheaper wsh i should say, smartphones and that is one big challenge for the company here. another big challenge, as you had said, china mobile, it needs to come up with some deal with china mobile over the next year or so in order to try to get access to that company's 700 million viewers. >> eunice, thanks for that and our apologies for that slight technical freeze there.
china telecom is carrying the phone. it's available in china's apple stores and online. china mobile is expected to strike a deal to carry the phone by late 2013. eunice, they need this to sell, because according to idc, in the third quarter, their share of smartphone market in china slipped to sixth place, which is a massive decline in market shares terms. how much is this one going to take them back a little bit? >> well, apple faces a lot of challenges in the china market. like you...
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Dec 6, 2012
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but how do you see the big picture in china? there's definitely a narrative that says high levels of capital spending lead to poor profitability and maybe that's what the stock markets had a sniff on over the last 18 months. where do you think we are in that story? >> well, no doubt it's driven by capital like all capital investments. and where are the investments going? they're going to china's massive infrastructure. don't forget china is still in the middle of a largest organization exercise in human history, building something like 221 new cities. so there's no did you tell that some of the buildings and roads or even shopping malls may in the short term appear empty. and then that fits into the kind of speculation there will be a huge asset or property bubble that's bound it on burst. but don't forgetbeginning, a lo buildings. and don't forget the speed of the urbanization process is going on in china. but as a national strategy also to balance the economy away from the capital kind of investment towards domestic consumptio
but how do you see the big picture in china? there's definitely a narrative that says high levels of capital spending lead to poor profitability and maybe that's what the stock markets had a sniff on over the last 18 months. where do you think we are in that story? >> well, no doubt it's driven by capital like all capital investments. and where are the investments going? they're going to china's massive infrastructure. don't forget china is still in the middle of a largest organization...
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Dec 4, 2012
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especially markets like china. and the ideal way to ride out these difficult times and to reduce costs would be to acquire properties that mine steel making raw materials. and that's exactly what posco is doing according to these reports that say a consortium that it leads has been named preferred bid forea stake in a canadian mine. some reports say it's seeking to acquire around a 10% to 15% stake and is scheduled to sign a sales and purchase agreement early next year. and how will posco finance this acquisition? observers say it's been selling many noncore assets like its holdings in sk telecom to cushion these investment plans like the purchase of the australian steel and iron ore producer aryan which by the way collapsed late october. back to you. >> all right, chery, thanks for that. still to come, we'll speak as to a guest who believes volatility in the oil market will continue well into 2013. we'll find where his predictions are for crude next year. i always wait until the last minute. can i still ship a gif
especially markets like china. and the ideal way to ride out these difficult times and to reduce costs would be to acquire properties that mine steel making raw materials. and that's exactly what posco is doing according to these reports that say a consortium that it leads has been named preferred bid forea stake in a canadian mine. some reports say it's seeking to acquire around a 10% to 15% stake and is scheduled to sign a sales and purchase agreement early next year. and how will posco...
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Dec 14, 2012
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china's top leader res expected to meet saturday and sunday and monday we'll finally gets china's foreign direct investment numbers for december. lots to watch and it will be interesting to keep appear eye on how traders sxret express views over the weekend. straight ahead on the show, a round about in east london is being hailed as europe's answer to silicone valley. but should california tech giants be shaking in their hoodies? stay tuned. >>> welcome back to the program. the financial times picked mario draghi as its financial person for the year. earlier in the program, we asked you who would be your pick. bruce tweeted in to say silvia wadhwa, she's my favorite. silvia gets our vote, too. get in touch with us by e-mail, worldwide@cnbc.com, tweet us or tweet ross even though he's not here. in fact, i encourage that. >>> east london has been hailed to europe's answer to silicone valley. can it really compete? and what's in it for investors? tom mckenzie reports. >> in just a few years, london's tech city has grown from a handful of companies to a buzzing cluster of close to 5,000 busin
china's top leader res expected to meet saturday and sunday and monday we'll finally gets china's foreign direct investment numbers for december. lots to watch and it will be interesting to keep appear eye on how traders sxret express views over the weekend. straight ahead on the show, a round about in east london is being hailed as europe's answer to silicone valley. but should california tech giants be shaking in their hoodies? stay tuned. >>> welcome back to the program. the...
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Dec 12, 2012
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china is getting expensive. everyone needs to respond faster to the consumer. >> as much as a success story as this is for inditex, what kind of read is it for the consumer more broadly? i think about the big u.k. department store talking about a great sudden. is the strength perhaps -- great saturday. is the strength perhaps of the consumer, whether it's driven by overseas visits, underestimated? >> i think you're talking about the employment figures. if adds up. if you look at the u.k. particularly, shoppers are out there. if you look at the numbers that we've seen, john lewis had extremely strong figures, asos had strong figures in the u.k. car sales are hitting new highs over the last several years. with the likes of the german mark's, the luxury's doing the best. people are feeling more confident, particularly if they've been in employment for a while. the key thing -- they are shopping for quality. where they actually get value and quality is really -- those companies are doing particularly well. you are b
china is getting expensive. everyone needs to respond faster to the consumer. >> as much as a success story as this is for inditex, what kind of read is it for the consumer more broadly? i think about the big u.k. department store talking about a great sudden. is the strength perhaps -- great saturday. is the strength perhaps of the consumer, whether it's driven by overseas visits, underestimated? >> i think you're talking about the employment figures. if adds up. if you look at the...
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Dec 20, 2012
12/12
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china clearly has bottomed. and i think with the new leadership in place, we'll have much more talk about urbanization and the restructuring that will continue to take place there and so that leaves us with europe. and europe is not doing well. we all know that. but i think europe has stopped deteriorating. so if we look at the pmi numbers, for example, they're still really bad, but they have stopped going down and some of the numbers increased even though they're still well below 50. all of this together means that i think it's going to be a very interesting year for equities that will make money in equities this year. >> virginie, if there's any good news for investors, maybe they can focus on fundamentals or looking at some particular companies, you know, is it a stock picker's market, that kind of thing. but we have major electrics. especially just mentioned europe, we have german elections, we have what's going on in italy. is it going to still be about politics or is it a market that will overcome that? >>
china clearly has bottomed. and i think with the new leadership in place, we'll have much more talk about urbanization and the restructuring that will continue to take place there and so that leaves us with europe. and europe is not doing well. we all know that. but i think europe has stopped deteriorating. so if we look at the pmi numbers, for example, they're still really bad, but they have stopped going down and some of the numbers increased even though they're still well below 50. all of...